What is HODL?

HODL is a term that was first coined in 2013 by a Bitcoin forum user named Satoshi Nakamoto, who posted a thread on the forum titled “I Am Not Afraid of Selling My Bitcoins for Lots of Money.” In the post, Nakamoto wrote:

“I will not sell my bitcoins. I am not afraid to lose money. I would like to buy one bitcoin, but I cannot. The price is too high. It went up 10 times in a month. I will be very patient. No matter how high it goes up, people will still need Bitcoin.”

The term HODL has since become synonymous with the concept of holding onto one’s crypto assets during periods of market volatility. It is an expression of the belief that the long-term value of cryptocurrencies will eventually outweigh any short-term fluctuations in the market.

Why is HODL important?

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